Enrollment
for both these accounts is permitted during the State Open Enrollment
period in October of each year. All enrollments take effect
for the following calendar plan year.

Generally,
FSAs allow employees to reduce their federal tax liability each
year by having before-tax money deducted from each paycheck,
which becomes available for reimbursement for certain eligible
expenses. The before-tax status of money deducted for
a FSA is maintained even after the member is reimbursed.

These
accounts are administered for the State of New Jersey by Fringe Benefits Management Company (FBMC).